Poundland Founder Steps in After Edwards Withdraws Bid for Rival Poundworld
In a surprising turn of events, Poundland's founder Steve Smith is now preparing a bid for rival company Poundworld...
Poundworld
Poundworld Founder’s Rescue Bid Rejected by Administrators, Business at Risk
Poundworld founder Chris Edwards' rescue bid has been rejected by administrators Deloitte, who claim it's not high enough. Despite...
Deloitte Defends Administration Process Amid Poundworld’s Struggles
Poundworld founder Chris Edwards accuses Deloitte of mishandling the company's administration, claiming it has made saving the business more...
Retail Sector Accounts for Nearly Half of UK Job Losses in 2018
In the UK, nearly 50,000 jobs have been lost this year, with almost half coming from the retail sector,...
Poundworld Store Managers Prepare for ‘Closing Down’ Sale Amid Confusion Over Actual Closures
Poundworld store managers are preparing for a 'closing down' sale, despite uncertainty over whether stores will actually close. A...
Poundworld Collapses, Threatening 5,000 Jobs
Breaking news: Discount retailer Poundworld is set to appoint administrators today as rescue talks with potential buyer R Capital...
Retailers Under Fire for Misusing CVA Rent Reductions: BPF Calls for Government Review
In a recent statement, the British Property Federation (BPF) has expressed concerns over retailers misusing the Company Voluntary Arrangement...
Poundworld’s Future Uncertain After Buyer Withdrawal
In a surprising turn of events, discount retailer Poundworld's future hangs in the balance as Alteri Investors pull out...
Poundworld’s Rescue Deal with Alteri Investors Nears Completion
Poundworld, a budget retailer, is reportedly nearing a rescue deal with Alteri Investors, backed by private equity firm Apollo...
Poundworld to Close 117 Stores Amidst CVA Proposal and Funding Seek
Poundworld plans to shut down 117 UK stores by August 31st as part of its CVA proposal, affecting nearly...